Is the old perception about Beijing being the seat of culture, while Shanghai merely serves the idle rich still relevant? New rumors have surfaced alleging a private club for the well-heeled will be housed inside the Forbidden City's Palace of Established Happiness (建福宫), with membership costing 1 million RMB and limited to 500 of China's most fabulous. more ›

Everyone likes a good party, especially one with free flow champagne like last night’s M1NT pre-launch. In spite of the copious amounts of alcohol, we are sad to say this exclusive billionaire-millionaire club opened not with a bang, but with a pop. As an old China hand, maybe Shanghaiist is just too jaded to enjoy the hype, but here's our summary of Shanghai's newest club. more ›